Massachusetts § 127 Disposal of property no longer of service

Massachusetts Statutes

§ 127 — Disposal of property no longer of service

Massachusetts § 127

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 161STREET RAILWAYS

This text of Massachusetts § 127 (Disposal of property no longer of service) is published on Counsel Stack Legal Research, covering Massachusetts primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mass. Gen. Laws ch. 161, § 127 (2026).

Text

Section 127. The department may order any company accepting said sections to dispose of any property no longer of service to the company. Any loss thereby incurred it may, with the approval of the department, distribute over such period, not exceeding ten years, as the department shall designate, instead of charging the entire amount of such loss against its earnings or surplus for the year in which such loss may accrue.

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Section 127. The department may order any company accepting said sections to dispose of any property no longer of service to the company. Any loss thereby incurred it may, with the approval of the department, distribute over such period, not exceeding ten years, as the department shall designate, instead of charging the entire amount of such loss against its earnings or surplus for the year in which such loss may accrue.